[Asia Economy Reporter Hyunseok Yoo] IL Science recorded significant growth in both sales and operating profit in the third quarter, following the second quarter.
IL Science announced on the 15th that its sales in the third quarter of this year reached 11.6 billion KRW, with an operating profit of 400 million KRW. Compared to the same period last year, sales increased by 58% and operating profit surged by 292%.
The B2B sector recorded 21.8 billion KRW, a 270% increase compared to the cumulative same quarter last year, while the B2G sector recorded 3.3 billion KRW, up 198%.
Song Seong-geun, CEO of IL Science, stated, "Considering the typical seasonal pattern of lower performance in the first half and higher in the second half, and the inclusion of Aitronics, whose shares we acquired last month, in consolidated financials from the fourth quarter, we expect the fourth quarter results to be the highest ever. We will lay the foundation for future vehicle infrastructure through smart tolling and C-ITS (Cooperative Intelligent Transport Systems) based on the technology of vehicle silicon lenses, smart tunnels, and Aitronics," he emphasized.
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